datas Spanish College of Registrars they confirm trends and reaffirm sensations. This house sale 2% down first quarter of the yearduring prices reduced by 1.5%It adjusted for the second consecutive quarter, in a context marked by increases in interest rates and rising mortgage prices, to contain inflation. Even though prices have increased by 4.9% year-on-year, real estate companies are already having greater difficulties in making deals in their day-to-day operations, which is likely to push their selling prices down in the coming months.
The cumulative data for the last 12 months shows 642,966 home sales, the second highest since mid-2008, well above pre-pandemic results that showed registered sales of just over 520,000. Most experts predict this data will be moderate with less trade and increasing pressure on prices throughout the year.
According to the data of the registrars andThe average price in the first quarter was 1,921 euros per square metre.. The data remains, as always, blank when it comes to benchmarking, but weighing in on risk trends. Thus, in the case of used housing, it was 1,873 euros/m2, 5.4% more year-on-year than in 2022, and 2.124 euros/m2, 3.8% more in new housing. Registrars warn that “new housing represents only 2 out of 10 operations and sometimes includes deals made on average two years in advance, so the evolution of used housing prices is more representative.” .
Autonomous communities with the highest prices The average was Community of Madrid (3,221 Euro/m2), Balearic Islands (3,027 Euro/m2), Basque Country (2,990 Euro/m2), Catalonia (2,375 Euro/m2) and Canary Islands (2,168 Euro/m2). . The provinces with the highest average prices were Guipúzcoa (3,366 Euro/m2), Madrid (3,221 Euro/m2), Balearic Islands (3,027 Euro/m2), Vizcaya (2,862 Euro/m2) and Barcelona (2,704 Euro/m2). The provincial capitals were San Sebastián (5,128 Euros/m2), Barcelona (4,355 Euros/m2), Madrid (3,960 Euros/m2), Palma (3,216 Euros/m2) and Bilbao (2,887 Euros/m2). . ).
This foreign demand housing remains a relevant element of the Spanish real estate market, accounting for 14.52% of total purchases. This is a very high rate because it is average. Thus, foreigners account for almost a third of operations in the Balearic Islands (29.2%), the Commonwealth of Valencia (28.3%), the Canary Islands (28.3%), the Region of Murcia (21.4%), Catalonia (15%) ,6). ) and Andalusia (14.6%). British (9.5%), Germans (7.5%), French (7.2%), Moroccans (5.4%), Italians (5.4%), Romanians (5.4%), Belgians (5.3%) and Dutch (4.7%).
The number of residential mortgaged houses registered in the first quarter decreased by -2.4% compared to the previous quarter and became 109,406. The average amount was 141.446 euros. Regarding residential mortgage, it rose 14.7% to 34,946 in March this year from 40,984 operations in March 2022. This rate will tend to increase in the coming months. Interest rates for new mortgage loan contracts rose to 3.09%. The average amount in fixed rate loans was 3.18% and the variable was 2.87%. The average monthly mortgage payment was 683.5 euros and the ratio of this payment to the salary cost was 32.3%.